Hungary: Canned Meat Market 2024

Canned Meat Market Size in Hungary

The Hungarian canned meat market rose notably to $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Canned Meat Production in Hungary

In value terms, canned meat production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. Canned meat production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Canned Meat Exports

Exports from Hungary

In 2022, approx. X tons of canned meat were exported from Hungary; jumping by X% on the year before. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, canned meat exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Austria (X tons) and Romania (X tons) were the main destinations of canned meat exports from Hungary, together comprising X% of total exports. The UK, the Czech Republic, Serbia, Italy, Slovakia, Poland, Croatia, Belgium, Spain and Bulgaria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned meat exported from Hungary were Germany ($X), the UK ($X) and Austria ($X), with a combined X% share of total exports. Romania, Italy, the Czech Republic, Belgium, Poland, Slovakia, Serbia, Croatia, Spain and Bulgaria lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average canned meat export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into Hungary

After two years of decline, supplies from abroad of canned meat increased by X% to X tons in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, canned meat imports stood at $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main suppliers of canned meat imports to Hungary, together comprising X% of total imports. Germany, Serbia, Austria, Romania, Belgium and Slovenia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) were the largest canned meat suppliers to Hungary, together accounting for X% of total imports. Slovakia, Serbia, Austria, Slovenia, Romania and Belgium lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned meat import price stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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